The U.S. central bank continues inflationary measures to satisfy liquidity demands from lenders, as coronavirus plays havoc with stability. The United States Federal Reserve has funneled the equivalent of half the entire Bitcoin (BTC) supply into the economy — but banks want even more money. As the New York Fed confirmed on its website, so-called […]
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BitPanda CEO Eric Demuth explains why regulations are necessary to avoid a “Wild West” for crypto, and names first stop outside of the EU. The crypto ecosystem tends to see regulations as “the big bad wolf.” In this narrative, government and regulators set rules that slow down innovation and damage growth for the crypto industry. […]
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Interlay received a grant from Web3 Foundation to develop a Bitcoin bridge on Polkadot that would allow wrapped versions of BTC to be exchanged on the network. Interoperability project Interlay has been selected to receive a Web3 Foundation grant to continue its work on Polkadot. The money will be used to develop a parachain on […]
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A director of one of the U.K.’s regulating bodies described new crypto Anti-Money Laundering overwatch added to the EU’s already stringent 5AMLD expectations. To combat the alleged risks associated with crypto assets and their networks, Her Majesty’s Treasury, the United Kingdom’s finance and economics department, has added additional measures. The new Money Laundering Regulations, or […]
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After ending his presidential bid last month, Andrew Yang wants to rewrite the rules of the economy with its new nonprofit Humanity Forward. Former presidential candidate and known cryptocurrency proponent Andrew Yang has announced a new initiative to protect privacy online. After ending his presidential bid last month, Yang has announced the creation of new […]
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Today’s Ethereum developer call lasted three hours, during which a tentative decision to reintroduce ProgPow as Ethash 2.0 was made despite lacking unanimous consensus. The Ethereum (ETH) All Core Devs call to decide on the fate of ProgPow was held on March 6. Despite a tentative decision to reformulate the mining algorithm as “Ethash 2.0,” […]
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Binance’s research department suggests that a so-called alt season may be approaching the cryptocurrency market. Binance’s research department suggests that a so-called alt season may be approaching the cryptocurrency market. Reduced Bitcoin trading Binance Research, the market research arm of major cryptocurrency exchange Binance, released a report on Mar. 6 suggesting that the altcoin market […]
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Several cryptocurrencies have broken out of their first resistance levels, which suggests that the bulls might be back in the game. Roughly 42% of the total Bitcoin supply has not moved in the past two years. This shows that the investors are holding on to their Bitcoin as they expect the price to rally further. […]
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The German Financial Market Authority BaFin has ordered the crypto service provider and operator of bitcoin ATMs KKT UG to stop its business. The German financial watchdog is stopping the operations of a company KKT UG from Berlin that allows consumers to buy and sell cryptocurrencies at ATMs. Lack of necessary permission According to a […]
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Centralization of ETH among the 100 largest wallets is growing, signaling that whales are accumulating ahead of Ethereum’s ‘ETH 2.0’ revamp. Whales appear to be accumulating Ether (ETH), with the percentage of ETH supply controlled by the top 100 wallets standing near 25%. The observation was made by blockchain data analysis firm Santiment, who tweeted […]
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